Unit 1 Assignment Chapter 4 1. What is a competitive market? Briefly describe a type of market that is not perfectly competitive A competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker (Mankiw‚ p.66). Local energy provider is not a perfect market but a monopoly because there in only one provider. 2. What are the demand schedule and the demand curve‚ and how are they related? Why does the demand curve
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an organisation to different economic environments. The advice given for D1 on the assessment of ‘evaluate’ applies equally to this criterion. Economic Factors During the economic growth‚ the automobile industry was also growing‚ and Ford’s business expanded rapidly‚ and the demand for their products increased as people could afford luxury goods. During these times‚ customers could afford more so Ford was bringing out newer more expensive models. During the recession‚ Ford sold off its subsidiaries
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Unit 1 This scheme of work suggests possible teaching and learning activities for each section of the specification. There are far more activities suggested than it would be possible to teach. It is intended that teachers should select activities appropriate to their candidates and the curriculum time available. The first two columns summarise the specification references‚ whilst the Learning Outcomes indicate what most candidates should be able to achieve after the work is completed. The Resources
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challenges to selected business activities within a selected organisation‚ in two different economic environments. Describe the influence of two different economic environments on business activities within a selected organisation. Consider topics such as income‚ growth‚ level of development‚ demand and supply to highlight the differences. You should have selected a business which is internationally active (at least in two different economic environments). Environment 1A Business: LUMOS Environment
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AoFAQ Level 3 Award in Education and Training (QCF) Unit 1: Understanding roles‚ responsibilities and relationships in education and training. Learner name: LEE HARRIS Teacher name: Name of training provider/college: Date of submission: Assignment deadline date: Briefing For Unit 1‚ you are required to produce responses to the questions below with an overall word count of approximately 1200 words. The 1200 words is a guide‚ you can provide more‚ but not less. Please read each question carefully
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Unit 1 Problem Set 1 26. Surgery Versus Splints A study compared surgery and splinting for subjects suffering from carpal tunnel syndrome. It was found that among 73 patients treated with surgery‚ there was a 92% success rate. Among 83 patients treated with splints‚ there was a 72% success rate. Calculations using those results showed that if there really is no difference in success rates between surgery and splints‚ then there is about 1 chance in 1000 of getting success rates like the ones obtained
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company for business purposes as they rely on them to keep the demand coming in for supplies. Owners: An owner might be a sole trader or a partnership but it a company‚ the owner will be the shareholders. They are often thought as the most superior stakeholders as they could possibly have put a fraction of their life into setting up the business. They look at themselves as being major risk takers and they like to see share of profit frequently increasing and the value of their business also rising
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within the business. For example business can sell items it owns that are no longer really needed to free up cash. • External financial sources: are funds found outside the business‚ e.g. from banks giving loans Short term Medium term Long term External • Overdraf • Short-term Loan • Hire Purchase • Mediumterm Loan • Hire Purchase • Leasing • Long-term Loan • Shares • Debentures internal • Trade Credit • Retained Profit • Retained profit • Sale of Assets • Sale and Leaseback Source 1: External
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Throughout my placements and university degree‚ I have been able to develop and implement a wide range Victorian curriculum linked unit and lesson plans in all content areas. For instants‚ this year I was able to develop a unit of work that was taught within the “Discovery learning” block sounding the Health curriculum‚ form building from this document I was able to develop a unit of work the built of student previous knowledge and continued to scaffold their understanding of the
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examples of: • A local business • A national business • An international Business • A global business Your examples MUST include a business in each of the private‚ public and voluntary sectors. Your examples MUST include a business in each of the primary‚ secondary and tertiary sectors. Your examples MUST include a sole trader‚ a partnership‚ a private and public limited company and a government run department or agency |Name of business and type of |What products
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